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How BI Improves Risk Management within Organisations

Sisense

As businesses adapt to the pandemic and shift to new norms, risk mitigation strategies have become as normal and ubiquitous as having a fire escape in the office. Smarter, AI-driven learning and development initiatives will help mitigate risk in our rapidly evolving world. Minimising risk by ‘infusing’ AI. ” Anna adds.

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The journey to a mature asset management system

IBM Big Data Hub

Asset management and technological innovation Advancements in technology underpin the need for holistic grid asset management, making the assets in the grid smarter and equipping the workforce with smart tools. Robots and drones perform inspections by using AI-based visual recognition techniques.

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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. In the image below, we see two charts depicting the amount of drift that has occurred for a deployed model.

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Managing mortgage risk in an uncertain world

Cloudera

The trouble is, mortgage lenders persist in relying on historical macro-economic assumptions in their models so they risk repeating the errors of a decade ago when banks – and their regulators – failed to recognize the warning signs from a far richer source: low-level micro-economic data. Risk management 3.0.

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Automating Model Risk Compliance: Model Validation

DataRobot Blog

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

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Creating value with generative AI in manufacturing

CIO Business Intelligence

Microsoft Copilot can bring to bear a range of capabilities to help manufacturers mitigate risk, manage their inventory, improve planning, and make informed decisions quickly across the entire supply chain. Manufacturers can also leverage Microsoft Copilot to drive innovation and efficiency across the operational lifecycle of products.

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Best BI Tools Examples for 2024: Business Intelligence Software

FineReport

By leveraging advanced analytics capabilities, businesses can uncover hidden opportunities and potential risks within their datasets, allowing them to proactively address challenges and capitalize on emerging trends. In addition to these advancements, another prominent trend in data analysis is the growing impact of data visualization.